Yousif Capital Management LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,500 shares of the construction company's stock, valued at approximately $2,653,000.
Other institutional investors have also modified their holdings of the company. Ieq Capital LLC boosted its stake in shares of Sterling Infrastructure by 94.8% during the 1st quarter. Ieq Capital LLC now owns 8,144 shares of the construction company's stock worth $922,000 after acquiring an additional 3,963 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Sterling Infrastructure by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after buying an additional 1,337 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Sterling Infrastructure by 30.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company's stock valued at $8,882,000 after buying an additional 18,254 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock valued at $274,000 after buying an additional 116 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. purchased a new stake in Sterling Infrastructure in the 1st quarter valued at approximately $823,000. Hedge funds and other institutional investors own 80.95% of the company's stock.
Analyst Ratings Changes
STRL has been the topic of a number of recent research reports. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Finally, DA Davidson upped their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $355.00.
Read Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Stock Down 1.5%
STRL opened at $355.58 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38. The business has a 50-day moving average of $318.02 and a two-hundred day moving average of $239.91. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $376.75.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The company had revenue of $403.58 million during the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%. On average, research analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.
Sterling Infrastructure Profile
(
Free Report)
Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.
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